QUESTION How are you doing? I currently face with an issue that I honestly need to seek for your assist in clarification. We are a collecting bank of documentary collection against acceptance. On maturity date of the DA, the drawee is unable to pay the bill due to bankruptcy. Meanwhile, we have received message from remitting bank requested to protest. …
NOTING AND PROTESTING

Mr Old Man: 1/ Yes. A finance company can act as a remitting bank under a documentary collec...